Commonwealth Bank Record Profit

Australian banking company, Commonwealth Bank (ASX:CBA) announced a record $6.1 billion net profit after tax, up 42 percent on the previous year. However the bank's shares dropped 3 percent or$1.56, to $51.19 (almost $9 below the stock's peak this year). The market jitters was caused by weaker second half performance.

  • Cash NPAT of $6,101 million - up 42 percent on prior year;

Commonwealth Bank (CBA) Dividends

9 August, 2010 - 13:26

Study the historical dividends for COMMONWEALTH BANK OF AUSTRALIA.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive CBA dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the CBA dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

COMMONWEALTH BANK OF AUSTRALIA. (ASX:CBA) shares can be traded by share traders on the Australian Securities Exchange (ASX). The publicly listed company, COMMONWEALTH BANK OF AUSTRALIA. is in the Banks industry. Commonwealth Bank of Australia (CBA) or Commbank is Australia's leading banking group engaged in providing integrated financial services that include business and institutional banking, retail banking, life insurance, superannuation, funds management, general insurance, broking services and other finance company activities clients from institutional, small business owners to individuals.

Top 10 ASX 100 Stock Report

Stock report for this week of the top 10 Australian shares which are in the ASX 100. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading. Other lists of Australian companies by Market capitalisation.

Commonwealth Bank Chief: Funding costs to Stay High

Commonwealth Bank CEO Ralph Norris, speaking at yesterday's American Chamber of Commerce in Australia luncheon in Sydney, has said that funding costs were to remain high. "All of the banks have a significant portfolio of debt that has been borrowed at lower rates, prior to the start of the crisis, which has continued to roll over at higher rates.

Commonwealth Bank Acquires 20% of Vietnam Bank

Commonwealth Bank (CBA) has bought 15 percent of Vietnam International Bank (VIB) with the aim of acquiring up to 20 percent more depending upon regulatory approval. Australian Banks are seeking growth opportunities in Asia with NAB seeking a stake in Korea Exchange Bank.

E*Trade vs. CommSec Price War

ANZ owned E*Trade Australia is set to start a price war with online stockbroker CommSec on fees and commissions regarding international trades. E*Trade is planning to open up retail trader and investor access to several overseas stockmarkets from New York to Singapore. The company's profit in the year to September 2009 after tax was $31 million.

Commonwealth Bank to Pay Storm Financial Victims

Commonwealth Bank (CBA) has agreed to pay Storm Financial victims more than $200 million. Storm Financial was a Townsville-based financial planner which in 2008 was placed into liquidation after a collapse of their business model which involved investors withdrawing equity from the value of their homes to invest into the (then) booming share market.

CBA to Expand Life Insurance Operation in China

One of the leading Australian financial institutions- Commonwealth Bank of Australia (CBA), which provides various types of financial service to companies, small businesses and individuals is about to extend its China Life Insurance join venture operation in an attempt to cover the national market after one of the major Chinese banks (the fifth largest one of the country) took as much as 51 percent share in the business.

Commonwealth Bank to Review its Malta Operation

The Australia based integrated financial service provider Commonwealth Bank (CBA), which has operations in the United States, UK, China, Japan, Malta, Fiji and some other countries is currently reviewing its highly profitable structured businesses something that has put its controversial presence in Malta in doubt.

Commonwealth Bank Tightens Grip on Brokers

Recently the largest home loan provider of Australia- Commonwealth Bank (CBA) has taken major initiatives to tighten its grip over the brokers who deal with its home loans. According to a home loan broking firm, CBA have recently moved forward with a new rule which makes it mandatory for the brokers to submit a minimum of four home loans in every three months.

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